The centralised information exchange system for the electricity retail market, known as Datahub, will go live on 21 February 2022. On the same date, Fingrid Datahub Oy’s operational customer service team will start working.
Fingrid’s Datahub stores customer, metering, and accounting point information in one place. Datahub is a quick, efficient, and easy centralised information exchange system for the electricity retail market. The information collated by Datahub is up to date, secure, and easy to trace. Datahub is part of Fingrid’s smart, clean, and safe energy system.
The Go-Live of Fingrid’s datahub, the centralised information exchange system for the electricity retail market, is progressing. A trial production run of datahub, covering the entire electricity market, began in June to test and verify the system’s functionality. The observations and user experiences gained from the trial will help to improve the system further.
The development of Datahub is about to be finalized and the system was opened to the entire sector for test operation in October. During the testing phase, the quality of the data will be verified, and the market parties will test various functions in phases.
The go-live date for Datahub, a centralised information exchange service for electricity trading, will be postponed from its original target of April 2021 to early 2022.
Fingrid selected a system supplier for Datahub during the summer. The schedule for the project was clarified at the same time. According to the updated schedule, Datahub will be implemented in April 2021.
In a few years, the electricity accounting points and related information for all Finns will be available in a single register.
Finland will transition to a 15-minute imbalance settlement period on 22 May 2023, when the imbalance settlement system will begin using a 15-minute resolution instead of one hour. The centralised information exchange unit, datahub, and most energy metering will also switch to a 15-minute resolution.
Although the risk of an electricity
shortage is now much lower than in the winter, it is always sensible to use electricity moderately and in a planned way.
The transition to a 15-minute market time unit and imbalance settlement period will take place in phases beginning next May. The European day-ahead market for electricity will move to 15-minute market time unit in 2025. The phased transition will provide time to prepare and collect data for forecasting.
Fingrid Oyj
Läkkisepäntie 21
00620 Helsinki
Tel. 030 395 5267
Fingrid.fi
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Fingrid is Finland’s transmission system operator. We secure reliable electricity cost effectively for our customers and society, and shape the clean, market-oriented power system of the future.
